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J.C. Penney Company will close 130 to 140 stores and two distribution centers during the next several months as it aims to improve profitability in the era of online shopping. (Published Friday, Feb. 24, 2017)

J.C. Penney released a list Friday of the 138 stores it plans to close in an effort to cut costs and grow sales at its strongest locations.

The closures, first announced in February, represents about 13 to 14 percent of the Plano-based company's current store count, and less than 5 percent of total annual sales. Roughly 5,000 jobs will be affected by the closures.